Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$118,668$118,668$157,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$38,832$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%5.813%7.560%
1st payment$612.81$612.81$1,081.92
2nd payment$0.00$291.24$0.00
Taxes / mo$105.83$105.83$105.83
Insurance / mo$150.00$150.00$150.00
MI / mo$91.81$91.81$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$960.45$1,251.69$1,369.25
Cash to close$56,332$17,500$17,500